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For Release –February 23, 2018

The Howard Hughes Corporation® (NYSE: HHC), the Las Vegas Convention and Visitors Authority (LVCVA), community leaders, Major League Baseball (MLB) executives, and hundreds of loyal fans broke ground on Friday, February 23 on Las Vegas Ballpark, a 10,000-person capacity baseball stadium that will be the future home of the Las Vegas 51s ®, the city’s professional baseball team. The team, a member of the Pacific Coast League (PCL) and a Triple-A affiliate of the New York Mets, is wholly owned by The Howard Hughes Corporation.

The newest addition to Downtown Summerlin®, Las Vegas Ballpark will be located on approximately eight acres just south of City National Arena, the practice facility for the city’s National Hockey Leage (NHL) team, the Vegas Golden Knights. As the second major sports facility in Downtown Summerlin, the new stadium will establish the community’s urban core as a vibrant sports and entertainment hub.

“Today's groundbreaking marks an important milestone in the next stage of growth for both Downtown Summerlin and the Las Vegas 51s,” said David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation. “This would not have been possible without the vision and support of Clark County and the LVCVA. Developing Las Vegas Ballpark in the heart of Downtown Summerlin is symbolic of our focus on creating dynamic experiences and making entertainment and culture a central component of our communities.”

In addition to serving as the home of the Las Vegas 51s, Las Vegas Ballpark will host civic, community, nonprofit and sporting events. Designed to create a festival-like atmosphere, the site will be landscaped to complement the Summerlin® master planned community and will provide a wide range of seating options including 20 suites, party zones and decks, a kids’ zone, and bars and a pool beyond the outfield wall. Parking will be conveniently located on adjacent sites. Las Vegas Ballpark is being designed by HOK, a global architecture firm with an expertise in stadium design, having designed more than 40 professional and collegiate stadiums worldwide.

“Along with the leaders of Clark County and the LVCVA, we have worked tirelessly to give baseball a new home in Southern Nevada,” said Kevin T. Orrock, President, Summerlin. “Las Vegas Ballpark will help elevate baseball in the region while providing valley residents with another first-class amenity in Downtown Summerlin.”

“I am elated to welcome professional baseball to Downtown Summerlin,” said Clark County Commissioner Susan Brager of District F, whose Commission District includes much of Summerlin. “This new stadium will be an incredible asset for our community.”

Totaling nearly 400 acres, Downtown Summerlin is the planned walkable urban core within the award-winning 22,500-acre Summerlin master planned community. With more than 125 stores and restaurants in an open-air streetscape environment, Downtown Summerlin is at the forefront of destination development.

“This is exciting news for all Clark County residents,” said Clark County Commission Chair Steve Sisolak. “The new stadium will bring family-friendly entertainment to Southern Nevada for decades to come.”

“The Las Vegas 51s were our city’s original professional franchise and baseball has been a core part of the Las Vegas community for decades,” said Rossi Ralenkotter, President and Chief Executive Officer of the LVCVA. “I am pleased to continue our long-standing partnership with the team and am excited about the tremendous opportunities Las Vegas Ballpark will bring to Southern Nevada with its new home in Downtown Summerlin.”

Additional baseball figures in attendance included Don Logan, President and Chief Operating Officer of the Las Vegas 51s; Pat O’Conner, President and Chief Executive Officer, Minor League Baseball; Fred Seymour, Senior Manager, Major League Baseball; and Branch Rickey, President of the Pacific Coast League and grandson of baseball legend Branch Rickey.

“In addition to providing a setting for community entertainment and cultural events, sports venues are proving to be prime catalysts for accelerated downtown development across the country,” said Don Logan, President of the Las Vegas 51s. “Moving to a state-of-the art stadium in a vibrant environment like Downtown Summerlin marks a new page in our 35-year history.”

The venue’s general contractor is Hunt Construction Group and PENTA Building Group.

About Summerlin

Developed by The Howard Hughes Corporation, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 best-selling master-planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 6,000 gross acres still remaining to accommodate future growth, including infrastructure, open space and common areas, all within the master plan. The community is currently home to nearly 100,000 residents who enjoy an unparalleled list of amenities. These include more than 250 neighborhood and village parks, more than 150 completed miles of trails, 27 public and private schools, 14 houses of worship, ten golf courses, shopping centers, medical and cultural facilities, business parks and dozens of actively selling floor plans. Homes are available in a variety of styles – from single-family homes to townhomes– priced from the $300,000s to more than $2.5 million. For information on custom homesites in The Ridges please call 702.255.2500. Luxury apartment homes offer monthly rents starting from the $900s. Visit www.summerlin.com for more information.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 14 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC with major offices in New York, Columbia, MD, Dallas, Houston, Las Vegas and Honolulu. For additional information about HHC, visit www.howardhughes.com, or find us on Facebook, Twitter, Instagram, and LinkedIn.

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize”, “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

This is not intended to be an offer to sell nor a solicitation of offers to buy real estate in Summerlin by residents of Connecticut, Hawaii, Idaho, Illinois, New Jersey, New York, Oregon, Pennsylvania, or South Carolina, or any other jurisdiction where prohibited by law. No offering can be made to residents of New York until an offering plan is filed with the Department of Law of the State of New York. This offer is void where prohibited by law. Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property.

Copyright @2019 Summerlin

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